The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
PPP loans distributed in 2020 in ZIP Code 62681
| Name of Borrower | Current Approved Amount |
|---|---|
| Schuyler County Hospital District | $1,431,940 |
| G M Sipes Construction, Inc. | $844,250 |
| L & N Industries, Inc. | $328,740 |
| Moreland & Devitt, Inc. | $261,735 |
| Rock & Fire, LLC | $179,210 |
| Hilltop View, LLC | $162,600 |
| Farris Forest Products | $122,068 |
| Schuyler County Mental Health Association | $93,863 |
| Kerr Homecenter, Inc. | $86,387 |
| Trone Construction, Inc. | $81,074 |
| Hood Demolition and Excavation | $71,827 |
| Los Charros of Rushville, Inc. | $71,795 |
| Redshaw Insurance Agency | $68,392 |
| Redshaw Enterprises, Inc. | $64,905 |
| Everett Control Systems, Inc. | $61,800 |
| Boehm's Lawn & Garden Center, Inc. | $52,240 |
| The Rushville Times, LLC | $51,375 |
| Charles a Burton Law Office | $43,278 |
| Veteran's Construction Company | $40,907 |
| Toland, Inc. | $40,700 |
| K & N Automotive Supply | $37,989 |
| Wenger Agent Solutions, Inc. | $36,739 |
| Brent Fowler | $36,260 |
| Christopher D. Klitz | $32,518 |
| Wright State Farm Insurance Agency | $32,500 |
| Cross County Construction | $30,093 |
| First United Methodist Church | $30,007 |
| Reynolds Insurance Agency, Inc. | $28,000 |
| My Farm Business, LLC | $27,269 |
| Richard A. King Farms | $26,700 |
| Roger's Bakery | $26,700 |
| BNH Food Service, Inc. | $25,198 |
| GMS Farms, Inc. | $24,800 |
| Pizza Unlimited | $24,224 |
| Eyler Auto Center, Incorporated | $23,567 |
| Philliip R. Fitzjarrald | $22,544 |
| Marvin Phillips | $22,435 |
| Worthington Funeral Home | $22,307 |
| Crop Technician Services, LLC | $21,942 |
| Rockets Cafe, Inc. | $21,000 |
| David Simpson | $20,833 |
| Richard Teel | $20,780 |
| Timothy Kettering | $19,152 |
| Ward Farms, Inc. | $19,126 |
| Rushville Free Methodist Church | $18,829 |
| Laegeler Law, PLLC | $18,750 |
| Clark's Auto Repair, Inc. | $17,952 |
| M & T Home Builders, Inc. | $17,690 |
| Dusty Farms, Inc. | $16,793 |
| Lyle's Autobody Repair, Inc. | $16,558 |
| Demoss Agent, Inc. | $15,847 |
| Jamie Ashcraft | $15,625 |
| Toad Stool, Inc. | $15,500 |
| Dyche Farms, Inc. | $15,471 |
| Pregnancy Resource Center, Inc. | $14,875 |
| Chad Kelly | $13,947 |
| Wilson Veterinary Clinic | $13,252 |
| Ciara Icenogle Insurance Agency, Inc. | $12,955 |
| Sours Trucking | $12,265 |
| Sumbal Corporation | $12,200 |
| Jenine Henninger | $10,563 |
| Travis Lazzell | $10,286 |
| Corrie Farms, Inc. | $10,038 |
| Lewis Bauer | $9,786 |
| Wood Funeral Home, P.C. | $8,974 |
| Greer Port-a-Potty | $8,675 |
| Billingsley Accounting and Tax Service | $8,433 |
| Chasers Tap, Inc. | $7,500 |
| Rick & Rich's Tap, LLC | $6,900 |
| Todd Ward Enterprises, Inc. | $6,765 |
| The Hub ARTS and Cultural Cener | $6,500 |
| Derek King | $5,637 |
| RWL Trucking, LLC | $5,625 |
| Rushville Moose Lodge #506 | $5,500 |
| North Screenprinting and Embroidery, Inc. | $5,200 |
| Demoss Accounting Services | $4,861 |
| Cb Lawn Care And Driveway Repair | $4,307 |
| Baker's Jewelry | $4,254 |
| Trone's Classic Cars, Inc. | $4,000 |
| Derek Miller | $3,900 |
| Source Eklou, LLC | $3,900 |
| Double K Car Wash, LLC | $3,680 |
| BT Technology, Inc. | $2,875 |
| Crane's Service | $2,765 |
| Bradley Wankel Farms | $2,437 |
| SBT Properties | $2,053 |
| Danny Phillips | $1,502 |
| Anthony R. Pate | $1,278 |
| Cross Construction | $1,014 |
| Blue SKY Laundry, LLC | $1,000 |
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